$BTC reached the target area that was forecasted at the beginning of November, but, based on candle formations, it does not look ready for a reversal. What would be the next move? Let’s try to decipher the message and forecast the next steps.
This daily overview contains:
– daily candle charts – analysis of candles and technical events;
– weekly EW chart and a long term forecast;
– short term EW chart and targets.
CANDLES
Daily
Today the coin formed a Thrusting Line. While this candle could be bullish in certain cases, it is normally viewed as a bearish continuation one and we have all reasons (supported by technical indicators) to believe that today’s candle is bearish.
Today’s also the day of a weekly candle on investing.com and I’d like to discuss it along with other signals.
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REFERENCES:
Previous Analysis:
https://investingangles.com/2021/12/15/btc-daily-analysis-15-12-2021-btc-bitcoin-crypto-cryptocurrency-fintwit/
Update on ETH:
https://investingangles.com/2021/12/17/eth-daily-update-17-12-2021-eth-ethereum-fintwit-crypto/
Long Term Forecast for #SOLANA:
https://investingangles.com/2021/12/09/solana-long-term-forecast-09-12-2021-solana-crypto-cryptocurrency/
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